LemFi and BVNK Rebuild Remittance Rails with Stablecoin Settlement in Kenya

Africa · Eastern Key Facts —The partnership. LemFi will route cross-border settlement through BVNK’s regulated stablecoin infrastructure, bypassing traditional correspondent banking networks. —The cost difference. Stablecoin-powered transfers can cost 2–3 percent, compared with roughly 6.5 percent for traditional money transfer operators on the Kenya corridor. —The Tether connection. The deal operationalises a strategy that began…